cletus wrote:MARKETS HAVE NOT SEEN 10:1 UP VS DOWN VOLUME DAY IN OVER A YEAR (CRASH SETUP)
Cletus, I do hope you are heavily short. Should the markets tank you'll make a million. I'm less biased than you. Markets could go in either direction. I'm waiting for the Fed on Wednesday. No big moves until then.
I remember when I was a little boy and I would think about shorting SPY and mom would rap my little knuckles with a wooden spoon. She'd say "NEVER short SPY!" And I'd be like "Aw, mom! But inverse head and shoulders!" and she'd say "Short setups don't work son! Now eat your peas!"
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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DellGriffith wrote:I remember when I was a little boy and I would think about shorting SPY and mom would rap my little knuckles with a wooden spoon. She'd say "NEVER short SPY!" And I'd be like "Aw, mom! But inverse head and shoulders!" and she'd say "Short setups don't work son! Now eat your peas!"
looks like the 2 legged pullback already started. don't know if this pullback has legs or not.
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it's double bottom. bears might be over for today especially if bulls are able to test the blue line above.
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